Walgreens brings in New Year with larger marketbasket

Walgreens brings in New Year with larger marketbasket

DEERFIELD, Ill. — Walgreens on Thursday posted January sales of $5.9 billion, representing an increase of 11.3% from last year. Early morning trading of Walgreen stock was up 51 cents to $42.48.

Only 2.8 percentage points of that increase can be attributed to the acquisition of Duane Reade, the Deerfield, Ill.-based retailer stated. Total front-end sales increased 11.5% in January, and pharmacy sales increased 10.8%, accounting for 66.1% of total sales for the month.

Sales in comparable stores were up 6.1%, with the effect of calendar day shifts positively impacting total comparable sales by a 0.7 percentage point. Comparable-store front-end sales increased 4.5%, customer traffic in comparable stores increased 2.4%, while basket size increased 2.1%. Same-store pharmacy sales were up 6.9%, negatively impacted by 2.9 percentage points due to generic drug introductions in the last 12 months.

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